Yet, 70% of the country’s wealth was in the hands of 10% of the population in 1775. That has not changed. The rules are simple. At Wharton, MBA students are taught the lesson with a simple game of Monopoly. 1/2 the class leaves the room while the other half plays the game. After a short period of time to allow the first half to acquire property, the second half joins the game. This lesson has been taught for decades. There has never been a case of someone joining the game late who did not go bankrupt.
You may think that Social Darwinism is a great idea. However, in practice it is very ugly, unless you are at the top of the food chain.
But then, my personal predilection is to help the poor and the sick. So, I am probably not the best judge of these things. I just do my thing with the resources that I have. I was born with the proverbial silver spoon in my mouth. My family rubs shoulders with presidents (literally). My GF in college was the US ambassor’s daughter from a major country. The family is something like 10th generation at that college. So, while I am not all that political, I do know how the 1% live. I did indeed have a heated toilet seat in my own bathroom, when I was a kid. I did indeed fly in a private jet, etc.
I don’t choose that lifestyle for myself. Perhaps it makes sense to others.
And, to be honest, while I did live on an enlisted Marine’s paycheck, and later on an officer’s, I have not given up the security of knowing that I have some resources at my disposal which guarantee my financial security as long as I live. So, in a certain way, I am extremely fortunate to be able to make the choices that I make freely, but I am also something of a hypocrite. I do donate my entire unearned income to charities, but the fact remains that I have nothing to worry about financially, no matter what I do.
That disclaimer is meant to put my perspective on the table. I have some privileges most don’t.